Company Registration No. 07069942 (England and Wales)
AIL LOGISTICS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
AIL LOGISTICS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AIL LOGISTICS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
14,824
935
Current assets
Debtors
15,012
39,716
Cash at bank and in hand
83,485
50,288
98,497
90,004
Creditors: amounts falling due within one year
(37,901)
(47,254)
Net current assets
60,596
42,750
Total assets less current liabilities
75,420
43,685
Provisions for liabilities
(2,965)
-
72,455
43,685
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
72,355
43,585
Shareholders' funds
72,455
43,685
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 6 September 2016
R L Brandley
Director
Company Registration No. 07069942
AIL LOGISTICS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
1,661
Additions
18,830
At 31 December 2015
20,491
Depreciation
At 1 January 2015
726
Charge for the year
4,941
At 31 December 2015
5,667
Net book value
At 31 December 2015
14,824
At 31 December 2014
935
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100